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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (68192)	1/31/2015 9:26:33 PM
From: GROUND ZERO™	Respond to of 218658

That, too... GZ

To: chartseer who wrote (68192)	1/31/2015 9:37:24 PM
From: GROUND ZERO™	1 Recommendation Recommended By Justinfo Respond to of 218658

If you look at it as a wedge, you have all 5 points already in place, and it's typically through the wedge on the 5th count... also, using the 65% rule, the market typically breaks through the wedge about 65% through the wedge, it never goes to the very point of the wedge... and from the looks of this wedge, it looks like the market has already gone the 65%, so I would have to believe this market is likely to break down from here... of course, this market will always try to make me look silly...<g> GZ